Sharon Keogan (Independent) | Oireachtas source

I raise a matter of growing concern relating to consumer protection and Ireland's obligation under EU law. In recent weeks, the European Commission has issued Ireland with a formal notice for failing to transpose the updated consumer credit directive, which is the legislation designed to protect individuals from unfair lending practices, hidden charges and the risks posed by new digital moneylending and credit products. Most Members know that I am far from being uncritical of EU directives and how the Government often unquestioningly signs to up and applies them, yet here we have a directive that actually looks to do some good for consumers and the Government has done nothing. The directive expands protections for ordinary consumers taking out loans, using online credit or engaging with so-called "buy now, pay later" schemes. At a time when household finances are stretched and debt vulnerability is rising, these safeguards are essential, yet despite the clear deadline of November 2025, Ireland has not yet advanced the necessary legislation. We have held a public consultation but public consultation alone does not protect consumers. The Commission's intervention sends a very clear signal: Ireland is falling behind and consumers are left exposed in the meantime.This also carries financial risks if delays continue and infringement proceedings escalate further. I ask that the responsible Minister come before this House to explain the reasons for the delay, set out the Government's plan for full and timely implementation and clarify when Irish consumers can expect these protections to be enshrined in law. We cannot afford to drift along on something as fundamental as fair dealing in the credit market game.